The London Stock Exchange Group said Friday that it is willing to sell Borsa Italiana to Euronext, which includes the historically profitable MTS trading platform for Italian bonds, for €4.325 billion ($5.1 billion).This deal means a win-win situation for both parties. With this contract, Euronext, which owns the Paris, Amsterdam, and New York stock exchanges, can strengthen its presence in the largest bond market in the European Union. While the LSE will get rid of one of the biggest hurdles in the antitrust review of its Refinitiv deal.
Refinitiv is the former Thomson Reuters Corp before it was acquired by the Blackstone-led consortium in 2018.The LSE now expects the Refinitiv deal to be completed by early 2021.LSE shares have moved up by more than 56% since the first announcement of the deal. Also, high demand for their shares was thanks to the expectation of their deal with Borsa Italiana. On Friday, LSE shares gained another 0.5%. At the same time, Euronext shares fell 3.7%.
The deal comes at a time when there is uncertainty about the value of the MTS franchise. There is no doubt that trading in Italian bonds was profitable at a time when volatility was high during the euro crisis, but the EU recovery fund and the ECB pandemic emergency procurement program of 1.35 trillion euros have reduced volatility in the market worth more than 2 trillion euros.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.